A technical indicator called Fibonacci retracement can help you evaluate whether a market decline is a pullback or a reversal. Positional trading is a long-term strategy that can yield significant ...
In practice, if a Fibonacci retracement level breaks during a ... Swing traders who use a breakout forex trading strategy will typically identify levels of support and resistance on an exchange ...
Fibonacci retracement isn’t possible in consolidating markets in other words. Regarding the recent trading action of EUR/USD, I am assuming that the long-term downtrend of the forex pair has ...